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Virgin Orbit averaged $2,500,000 in revenue per launch across its first three operational LauncherOne launches.
A second modified Boeing 747 would allow Virgin Orbit to maintain launch cadence during maintenance of Cosmic Girl and to conduct launches in two different locations.
Virgin Orbit recorded a net loss of $32,300,000 in the first quarter of 2021.
Virgin Orbit has a standby equity purchase agreement with hedge fund Yorkville Advisors to sell up to $250,000,000 in equity over three years, established in March.
Virgin Orbit’s 2022-06-29 mission, called Straight Up, will carry seven U.S. government payloads on a launch procured by the U.S. Space Force.
Virgin Orbit expects to launch QPS-SAR-5 on LauncherOne into a tailored, mid-inclination orbit to expand iQPS’s constellation coverage and revisit rate.
Virgin Orbit will fly nine payloads to orbit using the LauncherOne small launch vehicle deployed from a modified Boeing 747 aircraft.
Virgin Orbit’s LauncherOne rockets are designed and manufactured in Long Beach, California and are air-launched from a modified 747-400 carrier aircraft.
Virgin Orbit’s next planned space launch is the U.S. military STP-28A Space Test Program mission projected to fly no earlier than 2022-06-29 from the Mojave Air and Space Port in California.
Oita Prefecture and Virgin Orbit established a partnership in April 2020 to launch satellites from the Oita Airport Spaceport after 2022, and plans are underway.
Virgin Orbit signed a launch services agreement with Institute for Q-shu Pioneers of Space, Inc. (iQPS) for the QPS-SAR-5 satellite.
Virgin Orbit signed an agreement with L3Harris Technologies to acquire two Boeing 747-400 airframes to support U.S. national security and allies’ satellite launch demand.
Virgin Orbit demonstrated the ability to reach unique orbital inclinations during its January 2022 mission Above the Clouds by deploying seven customer satellites to a 500 km circular orbit at 45 degrees inclination.
The QPS-SAR-5 satellite is expected to join Virgin Orbit’s manifest for early 2023.
Virgin Orbit, Firefly Aerospace, Rocket Lab, and Astra contributed to US launch activity in 2021 by offering services in the small launch segment.
ForgeStar-0 will launch on Virgin Orbit’s LauncherOne this summer from Spaceport Cornwall.
The UK Space Agency awarded £7.35 million to Virgin Orbit to support its operations in Cornwall.
Virgin Orbit will launch Amber-1 on its LauncherOne vehicle from Spaceport Cornwall on a flight 2022 that is expected to be the first ever orbital launch from a United Kingdom spaceport.
The Satellite Applications Catapult and Virgin Orbit have an agreement to launch the Amber-1 satellite from the United Kingdom later 2022.
The STP-S28 mission was awarded to Virgin Orbit in 2020.